Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

As the Nasdaq and S&P broke below some key technical levels Friday, the chief market economist of Spartan Capital Securities tells Reuters’ Fred Katayama the stock market could shed more as Treasury yields climb.

Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

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Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

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Spartan Capital Securities